BlackLine Strengths, Domain Expertise, and Key Differentiators
Companies come to BlackLine, Inc. because their traditional manual accounting processes are not sustainable. BlackLine’s cloud-based solutions and customer service help companies move to modern accounting by unifying their data and processes, automating repetitive work, and driving accountability through visibility. BlackLine provides solutions for financial close management, accounting automation, and intercompany governance, helping large enterprises and midsize companies across all industries do accounting work better, faster, and with more control.More than 3,100 customers trust BlackLine to help them close faster with complete and accurate results. Based in Los Angeles, BlackLine also has regional headquarters in London, Singapore, and Sydney.
The ease of integration allows users to send data from their ERP system to BlackLine as well as from BlackLine to their ERP to support and realize the accounting efficiencies gained from using BlackLine’s financial automation platform.
With BlackLine Compliance, risks, policies and procedures, controls, issues, and audit programs are integrated into a unified, cloud-based system. This accelerates and simplifies audits, consolidates project management and provides enhanced visibility over control activity.
Partial List of past BlackLine Integrations: AS400, Baan, Banktel, Cobalt, CostPoint, Deacomm, Deltek, Epicor, Filosoft, Flexi, GEAC, Great Plains, Homegrown, Hyperion Essbase, Hyperion HFM, Infineon, Infinium, Intaact, Jack Henry, JD Edwards, Lawson Fixed Assets, Lawson General Ledger, Lawson Project Accounting, MAS500, McKesson, Metavante, Microsoft Solomon, NetSuite, Oracle A/P, Oracle A/R, Oracle Cash, Oracle Fixed Assets, Oracle General Ledger, Oracle Project Accounting, Outlook Soft, Pathways, PeopleSoft Fixed Assets, PeopleSoft General Ledger, PeopleSoft HR, QAD General Ledger, QuickBooks, SAP BW, SAP BPC, SAP Fixed Assets, SAP General Ledger, SAP Open Items, Scala, Workday, and Yardi.
BlackLine Recent Developments
In April 2020, BlackLine launched its ‘Modern Accounting Playbook’ (MAP), a solution package based on leading practices to help midmarket companies get up and running quickly on BlackLine’s market-leading accounting automation platform and guide them through a proven process to achieve a stress-free financial close.
In November 2018, BlackLine has signed a reseller agreement with SAP. This is a major move for BlackLine, giving it entry to the international market on a large scale.
Under the terms of the new agreement, SAP will have the ability to resell BlackLine’s cloud-based finance and accounting solutions to businesses around the world.
BlackLine Mergers and Acquisitions (M&A) Activities
In September 2016, BlackLine acquired its European competitor, Runbook for $34 million.
In September 2016, the company filed for an initial public offering with the U.S Securities and Exchange Commission. BlackLine began trading on the Nasdaq market under the BL ticker symbol, in 2016.
BlackLine Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying BlackLine applications and why? And we provide the answers – supported by decades of research – to our clients around the world. Our Customer database has over 100 data fields that detail company usage of BlackLine and other enterprise apps by function, customer size, industry, location, implementation status, partner involvement, Line of Business Key Stakeholders and IT decision makers contact details. List of Verified BlackLine Finance Controls & Automation Platform, customers.
Ownership: - Nasdaq : BL
Number of Employees: 1179
Key Verticals: Aerospace and Defense, Banking and Financial Services, Communication, Construction, Real Estate, Consumer Packaged Goods, Distribution, K12, Higher Education, Federal Government, State and Local Government, Public Safety, Healthcare, Life Insurance, P&C Insurance, Specialty Insurance, Leisure and Recreation, Hospitality, Life Sciences, Manufacturing, Oil and Gas, Professional Services, Retail, Utilities,
BlackLine Key Enterprise and Cloud Applications
BlackLine Finance Controls & Automation Platform,
BlackLine Revenues, $M:
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|Enterprise Applications Revenues, $M||Subscribe||Subscribe||Subscribe|
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* Enterprise Applications Revenues = License + Support & Maintenance + SaaS
** All revenue figures are estimates based on public records, Cloud and Non-Cloud business models in Apps Run The World's vendor database, and annual survey results including vendor feedback.
BlackLine Revenue Breakdown By Type, $M:
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BlackLine Enterprise Applications Revenues By Functional Markets, $M:
BlackLine Enterprise Applications Revenues By Verticals, $M:
BlackLine Revenues By Region, $M
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BlackLine Direct vs Indirect sales
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BlackLine Customers - Breakdown by Geo, Size, Vertical and Product
No. of BlackLine Customers: 3100
No. of BlackLine Enterprise Applications Customers: 3100
No. of BlackLine Cloud Customers: 3100
No. of BlackLine Cloud Subscribers: 270000
BlackLine continued to expand its global customer base during the second quarter of 2020 adding a broad range of large and midsize companies to its client roster from North America, EMEA (Europe, Middle East, and Africa), and the Asia-Pacific region (ASIAPAC).
Among the new customers in North America in Q2 were Barrette Outdoor Living, Cabot Microelectronics, California Institute of Technology, Del Taco, Golden State Foods, Infoblox, and Vistra Energy Corp. In EMEA new customers included Cash Logistik Security, DPG Media, HHS Hire Group, Sibanye Stillwater, and Vanderlande Industries, and in ASIAPAC, Emerald Grain, Sojitz Asia, and Veolia China were among those that signed on to use BlackLine.
Nearly 277,000 users across more than 3,100 companies in approximately 150 countries rely on BlackLine.
Among its customers are Coca Cola, Under Armour, Dow, Hershey, eBay, British Gas, Groupon, Hyatt, Hubbell Incorporated, Nasdaq, SunTrust, CNH Industrial, Zendesk, and many others.
BlackLine Market Opportunities, M&A and Geo Expansions
With continued macroeconomic uncertainty from the coronavirus pandemic and auditors restricted from traveling, many Finance & Accounting (F&A) teams face the prospect of preparing for audits from home for the first time. As a trusted advisor to F&A professionals around the world, BlackLine unveiled a remote audit solution and services package that can be quickly deployed to help customers prepare for remote audits, ensuring accuracy and integrity in the numbers, as well as security around internal financial controls.
BlackLine continues to build on its early successes by working closely with ERP applications vendors such as SAP.
BlackLine Risks and Challenges
While its push in Europe and APAC is being increased, BlackLine global expansion is still a work in progress.
BlackLine Ecosystem, Partners, Resellers and SI
In June 2020, Capgemini partnered with BlackLine. This collaboration is focused on enabling finance and accounting (F&A) teams to reduce business-process costs while optimizing process effectiveness and efficiencies. By centralizing critical F&A operations in BlackLine’s cloud platform, businesses will also gain the ability to continually capture, validate, and provide timely and accurate financial data necessary for reporting.
Its strategic alliance partners are unique and diverse, ranging from the Big Four public accounting firms to small consulting practices.
From North America and EMEA to APAC and South America, among its partners are: 4Impact Technology Services, Alpern, Rosenthal&Co.(U.S.), Axia Resources, Clearview Solutions LLC (U.S.), Deloitte&Touche LLP (Australia), Deloitte&Touche LLP (Canada), Deloitte&Touche LLP (U.S.), Dixon Hughes Goodman LLP (U.S.), EXL Service, Experis (U.S.), Grant Thornton LLP (U.S.), Herndonwood Associates (U.S.), Horn Solutions, Inc. (U.S.), International Financial Group (U.S.), KPMG LLP (U.S.) KPMG LLP (Netherlands), Miller Sereduck CPA (U.S.), Morgan Garris, LLC (U.S.), Nexvel Consulting, LLC, O’Keefe&Associates (U.S.), PricewaterhouseCoopers (Europe), Protiviti (Global), Rayburn, Bates&Fitzgerald, PC (U.S.), Resources Global Professionals (U.S.), Robert Half International, Sandpoint Consulting (U.S.), The Goetzman Group Inc. (U.S.), UHY Advisors (U.S.), Virtusa Corporation and others.
BlackLine Cloud Infrastructure Insights
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Data used in research reports are derived from publicly available documents, continuous surveys of applications vendors, customers, resellers, Independent Software Vendors, systems integrators and other verifiable sources.
Vendor shares and market forecast results are based on a combination of existing databases as well as demand side and supply side research conducted throughout the year with validation from vendors, customers, channel partners and documentations such as earnings releases and 10Q and 10K filings, vertical industry studies, regional and country-level statistics from public and private institutions(i.e. colleges, universities, government agencies and trade associations).
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